Matthew And Andrew Akin Foundation
- Assets
- $117.4k
- Revenue
- $23.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgeton, MO
- Founding
- 11/2010
- Data as of
- 06/2020
- EIN
- 27-3427104
Organization Overview
Matthew And Andrew Akin Foundation is located in Bridgeton, MO. The organization was established in 2010. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew And Andrew Akin Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Matthew And Andrew Akin Foundation generated $23.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $116.6k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MATTHEW AND ANDREW AKIN FOUNDATION IS TO SUPPORT THE WORLD-RENOWNED EXPERTS AT THE HLH CENTER OF EXCELLENCE AT CINCINNATI CHILDREN'S HOSPITAL AND THEIR CORE PRIORITIES OF RESEARCH, EDUCATION, AND FAMILY SUPPORT. WE ALSO GIVE BACK TO THE ORGANIZATIONS THAT SUPPORTED OUR FAMILY DURING OUR JOURNEY IN AN EFFORT TO MAKE A DIFFERENCE FOR THOSE THAT WILL BE FOLLOWING IN OUR FOOTSTEPS IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT FAMILIES OF KIDS WITH HLH, THROUGH SCHOLARSHIPS AND NECESSARY ITEMS FOR A PROLONGED HOSPITAL STAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Akin President | OfficerTrustee | 10 | $0 |
Kristin Akin Vice President | OfficerTrustee | 10 | $0 |
Melissa Wilburn Treasurer | OfficerTrustee | 1 | $0 |
Bobby Mcgehee Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,693 |
| Investment income | $6,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $795 |
| Office expenses | $1,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $116,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,446 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $210,722 |
| Total liabilities and net assets/fund balances | $117,446 |
Grants Awarded
Over the last fiscal year, Matthew And Andrew Akin Foundation has awarded $210,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: TO SUPPORT THE RONALD MCDONALD HOUSE, AN ORGANIZATION THAT HELPED SUPPORT THE AKIN FAMILY ALONG THEIR JOURNEY. | $10,000 |
CINCINATTI CHILDREN'S HOSPITAL PURPOSE: TO SUPPORT THE CINCINATTI CHILDREN'S HOSPITAL | $200,000 |